Showing 1 - 10 of 10
patterns exemplify the search for and adaptation of attractor states within the perceptual motor workspace as a function of …
Persistent link: https://www.econbiz.de/10009483433
Based on a classical financial market model different model variants known from the literature are discussed and analyzed, each focussing on modeling financial markets as a nonlinear dynamic system by introducing the formation of (heterogeneous) beliefs about future asset prices into the model...
Persistent link: https://www.econbiz.de/10009428980
Since the 1970s, Asia has experienced rapid urbanization processes, which are distinct from U.S. society, and the direction of Asian urbanization is more strongly affected by economic globalization. The desakota model, proposed by McGee and Ginsburg in 1991, focuses on how internal domestic and...
Persistent link: https://www.econbiz.de/10009464859
Innovation has long been considered crucial for companies to gain a competitive edge in the global marketplace. Unfortunately, a solid understanding of the system of innovation does not exist. The literature lacks formal definitions and methodologies for the system of innovation. Many surrogates...
Persistent link: https://www.econbiz.de/10009466047
The relatively new science of complex emergent processes is being applied to many fields including the study of organizations. There are many different models of the organization in current use, each with its own benefits. However, the science of complex emergent processes is able to deal with...
Persistent link: https://www.econbiz.de/10009482169
Multi-Agent Simulation (MAS) models are intended to capture emergent properties of complex systems that are not amenable to equilibrium analysis. They are beginning to see some use for analysing agricultural systems. The paper reports on work in progress to create a MAS for specific sectors in...
Persistent link: https://www.econbiz.de/10009443666
expensive. The polynomial chaos approach has been shown to be more efficient than Monte Carlo for quantifying the effects of … polynomial chaos theory for parameter estimation: a Bayesian approach, and an approach using an extended Kalman filter (EKF) to … obtain the polynomial chaos representation of the uncertain states and the uncertain parameters. The two methods are applied …
Persistent link: https://www.econbiz.de/10009457571
significantly reduce uncertainty through traditional approaches may in part be explained by chaos theory. This paper defines … deterministic chaos and demonstrates that supply chains can display some of the key characteristics of chaotic systems, namely …: chaos exhibits sensitivity to initial conditions; it has Islands of Stability; generates patterns; invalidates the …
Persistent link: https://www.econbiz.de/10009463190
response by changing the slope of the demand schedule can thrust the model into instability, chaos, and extinction, without … via slope preserving increases in market demand can push the model into instability, chaos, and even extinction. Finally …, we show that similar adjustments in market demand may be capable of eliminating instability and chaos rooted in powerful …
Persistent link: https://www.econbiz.de/10009444668
Numerical weather forecast errors are generated by model deficiencies and by errors in the initial conditions which interact and grow nonlinearly. With recent progress in data assimilation, the accuracy in the initial conditions has been substantially improved so that accounting for systematic...
Persistent link: https://www.econbiz.de/10009450747